Changes in Legislation

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January 2018

Annual leave entitlements

2018-03-20T15:54:45+02:00January 29th, 2018|Accounting, Bulgarian Laws in English, Changes in Legislation, Payroll, Questions & Answers|

Annual leave entitlements Regular paid annual vacation is a right to every employee in Bulgaria. It is in the interest of both the employer and the employees, before the expiry of the calendar year to execute written documents for postponing the use of the unused days of paid annual leave due to the respective [...]

December 2017

Tax reliefs from employment in Bulgaria

2018-03-20T15:54:45+02:00December 14th, 2017|Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Changes in Legislation, Consulting, Payroll, Questions & Answers, Taxation|

From this year on, a new declaration for lack of public liabilities must be filled for those employees who would like to benefit from tax relief. According to the Personal Income Tax Act (PITA), every taxable person who has no mandatory public obligations at the date of submission of the annual tax return can submit [...]

Amendments to the Ordinance on working hours, breaks and holidays – can we allocate part of our working time?

2017-12-07T12:16:46+02:00December 7th, 2017|Accounting, Bulgarian Laws in English, Changes in Legislation, Consulting, Payroll|

With the State Gazette № 41 have been adopted amendments to the Ordinance on working hours, breaks and holidays. Its purpose is to refine the legislation regarding the calculation on working time in aggregate. The new changes shall be effective from 1 January 2018. They clarify the way in which the regime of aggregated working [...]

October 2017

Secondment or sending of employees to another country for provision of services

2018-03-20T15:54:45+02:00October 16th, 2017|Bulgarian Laws in English, Changes in Legislation, Doing Business in Bulgaria|

Dear Clients and Partners, Herewith, we would like to highlight for you some new rules for a certain type of business trips abroad according to Bulgarian legislation - the so called secondment or sending of factory or office workers for provision of services. Such trip occurs when a Bulgarian employer seconds or sends a factory [...]

September 2017

Finally the right to acquire farm land in Bulgaria from EU and EEA citizens is granted

2018-03-20T15:54:45+02:00September 18th, 2017|Bulgarian Laws in English, Bulgarian Tax Guide, Changes in Legislation, Doing Business in Bulgaria|

Dear Clients,   Sb Team is delighted to highlight for you a significant opportunity that stands before you. It arises from the fact that EU and EEA citizens and companies have the right to acquire real estate in Bulgaria.   In this regard, kindly note that there are no more limitations for acquiring properties in [...]